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2022
Flag → Flag
Exports $699MRnk 63 / 219
2022
Flag → Flag
Top Product $68.9MBroadcasting Equipment
2022
Flag → Flag
Exports $73.7MRnk 32 / 141
2022
Flag → Flag
Top Product $50.1MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.24Rnk 53 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$508BCURRENT US$
Rnk 28 / 186
2012-2022
Flag
GDP GROWTH32%CURRENT US$
Rnk 93 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC $53,758CURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP PC GROWTH21.1%CURRENT US$
Rnk 81 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

United Arab Emirates-Azerbaijan Trade: In 2022, United Arab Emirates exported $699M to Azerbaijan. The main products that United Arab Emirates exported to Azerbaijan were Broadcasting Equipment ($68.9M), Cars ($43.4M), and Antiknock ($27.2M). Over the past 5 years the exports of United Arab Emirates to Azerbaijan have increased at an annualized rate of 38.7%, from $136M in 2017 to $699M in 2022.

In 2022, United Arab Emirates did not export any services to Azerbaijan.

Azerbaijan-United Arab Emirates Trade: In 2022, Azerbaijan exported $73.7M to United Arab Emirates. The main products that Azerbaijan exported to United Arab Emirates were Refined Petroleum ($50.1M), Petroleum Resins ($6.22M), and Gold ($1.95M). Over the past 5 years the exports of Azerbaijan to United Arab Emirates have increased at an annualized rate of 37.2%,  from $15.2M in 2017 to $73.7M in 2022.

In 2008, Azerbaijan exported services to United Arab Emirates worth $162M, with Transportation ($115M), Construction services ($31.6M), and Services not allocated ($14.1M) being the largest in terms of value.

Comparison: In 2022,  United Arab Emirates ranked 53 in the Economic Complexity Index (ECI 0.24), and 18 in total exports ($402B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Arab Emirates exported $699M to Azerbaijan. The main products exported from United Arab Emirates to Azerbaijan were Broadcasting Equipment ($68.9M), Cars ($43.4M), and Antiknock ($27.2M). During the last 5 years the exports of United Arab Emirates to Azerbaijan have increased at an annualized rate of 38.7%, from $136M in 2017 to $699M in 2022.

In 2017, Azerbaijan exported $73.7M to United Arab Emirates. The main products exported from Azerbaijan to United Arab Emirates were Refined Petroleum ($50.1M), Petroleum Resins ($6.22M), and Gold ($1.95M). During the last 5 years the exports of Azerbaijan to United Arab Emirates have increased at an annualized rate of 37.2%, from $15.2M in 2022 to $73.7M in 2017.

Exports from United Arab Emirates (Flag) to Azerbaijan (Flag) (2022)

Exports from Azerbaijan (Flag) to United Arab Emirates (Flag) (2022)

Latest Data

Trade between United Arab Emirates (Flag) and Azerbaijan (Flag)

United Arab Emirates Exports

Azerbaijan Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationIndia$51B
Azerbaijan
Top DestinationItaly$18.3B

This map shows whether countries import more from United Arab Emirates or Azerbaijan. Each country is colored based on the difference in imports they receive from United Arab Emirates and Azerbaijan or the difference in the growth in imports.

In 2022, countries that imported more from United Arab Emirates than Azerbaijan included India ($51B), Japan ($40.9B), and China ($32.5B).

In 2022, countries that imported more from Azerbaijan than United Arab Emirates included Italy ($18.3B), Greece ($1.51B), and Croatia ($990M).

Difference in imports from Azerbaijan (Flag) and United Arab Emirates (Flag) (2022)

Comparative Advantage United Arab Emirates - Azerbaijan

Flow
Scale

This chart compares trade between United Arab Emirates and Azerbaijan by product, considering products traded by both, United Arab Emirates and Azerbaijan.

During 2022, United Arab Emirates had a large net trade with Azerbaijan in the exports of Machines ($280M), Transportation ($97.6M), and Chemical Products ($90.7M).

During 2017, Azerbaijan had a large net trade with United Arab Emirates in the exports of Mineral Products ($50.1M), Plastics and Rubbers ($6.27M), and Metals ($4.67M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Azerbaijan+$11.2MCars
Top Product Potential Azerbaijan United Arab Emirates+$20.5MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Arab Emirates and Azerbaijan. This means that a dot/product with the flag of United Arab Emirates indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over United Arab Emirates.

Product Space of United Arab Emirates (Flag) and Azerbaijan (Flag) (2022)

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